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Search Results 0 to 5 of about 6 (some duplicates have been removed)
Oct 13, 2012 7:00am PDT
length, their tax policy will affect you for years to come. on thursday, vice president joe biden and congressman paul ryan tried to make the case for the respective ticket's tax plans, take a look. >> our entire premise of these tax reform plans is to grow the economy and create jobs. it's plan estimated to create 7 million jobs. now, we think that government taking 28% of a family and business's income is enough. >> okay. those answers weren't exactly full of detail, so let me see if i can help them out. mitt romney would cut all tax rates by 20% and reduce the top tax rate from 35% to 28%. he'd eliminate taxes on capital gains, repeal the alternative minimum tax and estate tax and cut the top corporate tax rate from 35% to 25%. on the other hand president obama would keep tax rates the same for those making less than $250,000. he'd also raise the top two tax brackets to 36% and 39.6% and he has supported the buffet rule. he'd restore the estate tax but lower the corporate tax rate to 28% from 35%. so the choice is yours, undecided voter. but i see a clear distinction with one candi
Oct 7, 2012 10:00am EDT
when vice president joe biden goes head to head with congressman paul ryan in the vice presidential debate. of course, our anticipation is heightened by the loss that the champ took in round one on wednesday night. president obama pulled a lot of his punches in his debate with governor romney, so if the original strategy was for biden to go in with a soft touch against paul ryan, we can be sure that that is going out the window. he is coming out swinging. gloves off. now, romney was able to dodge blows against his economic plan because actually there's not much of a plan there to jab at. take his strategy for economic recovery, to fill the revenue gap for a result from tax cuts is an exercise in shadow boxing futility. he hasn't yet told us what it is he's planning to do. but by hitching his wagon to paul ryan and endorsing ryan's budget plan, he attached himself to clearly articulated policy and a record that leaves the whole ticket exposed to attack which gives joe biden an opening to hit romney so hard -- to hit ryan so hard that mitt romney is going to feel it too. from the soun
Oct 14, 2012 7:00am PDT
going to add up. we don't have to. but he's asking us to take his word for it. joe biden is disputing that. >> the academic literature does show that when tax rates go down, we have more growth. president obama's first chairwoman of the council, christina roma had a lengthy -- higher taxes reduced gdp. lower taxes result in more gdp growth. when you have more gdp growth, you have more tax revenue. that reduces the deficit. >> go ahead. >> i was going to say, actually, the reports by folks like larry bartels, demonstrate that when we have higher tax rates effective tax rates that we actually have both higher gdps as well as higher household incomes relative to inflation. they don't make a causal plane. they don't say raising taxes causes economic growth. nor i think even if one could demonstrate that there was a correlation between, for example, lower tax rates and gdp, one also can't make a claim unless you can demonstrate that there's a rate of change difference that causes the growth. you can't make those causal argument. >> economists do make those argument. it works like this. if
Search Results 0 to 5 of about 6 (some duplicates have been removed)